A year ago this is what I was hoping for, now that is has come down I am a little greedy for more but if it comes down another 50k on both examples above I doubt I'll be able to hold off.A year ago this is what I was hoping for, now that is has come down I am a little greedy for more but if it comes down another 50k on both examples above I doubt I'll be able to hold off.
Temeculaguy, I don't think that you are being greedy. It's about loss avoidance. If there's a house whose value/price is inline with rents, but if I think that the price will continue to go down significantly, it would be irresponsible of me to buy it. That's b/c I have a responsibility toward my family to make good financial decisions.
While I think S.D. has a year or two to unwind, here in the outskirts it is in full swing and the rent to buy numbers get closer every day
I agree that Temecula will reach the "bottom" before SD. But I think that it's Temecula that has 2 years to unwind. For SD, it's at least 3 years.
